How does an appraisal work? Will your property appraise for what you expect? And should you even care? We're covering all those bases in this video: http://bit.ly/2Jxo620 | Morning Invest
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How does an appraisal work? Will your property appraise for what y…
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HERE’S HOW APPRAISALS WORK: Appraisals are a professional assessment of a homes market value. They are required by lenders to protect all parties - the offer price is NOT always the purchase price. Appraisal outcomes: 1. At offer price: ✅ No issues, proceed with purchase 2. Higher than offer price: 🎉 Gain equity, proceed with purchase 3. Lower than offer price: ⚠️ you have options - Renegotiate price - Pay the difference - Dispute the appraisal - Walk away #mortgagelender #mortgagerates #ryliea
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